Is Panini still suing Fanatics in 2024?

Is Panini still suing Fanatics in 2024?

Is Panini still suing Fanatics in 2024?

In the world of sports trading cards, Panini and Fanatics have been engaged in a legal battle, with a pair of lawsuits between the trading card rivals. The dispute comes down to licensing rights for professional sports leagues and their associated trading cards. Let's delve into the details of this ongoing legal battle and explore the latest developments.

Panini's Antitrust Lawsuit Against Fanatics

Last week, Panini filed an antitrust lawsuit against Fanatics, alleging that it had engaged in "calculated, intentional, anticompetitive conduct" to establish a monopoly in the trading card industry. Panini's lawsuit centers on Fanatics securing long-term deals with both the NBA and NFL leagues and their unions to take over the exclusive rights once the existing deals with Panini expire in 2025 and 2026, respectively.

Panini alleged that Fanatics positioned itself to drive Panini and other potential competitors out of the market and erected barriers to entry blocking their return. The company also claimed that it was not given an opportunity to bid or otherwise compete for the licenses Fanatics acquired.

Fanatics' Countersuit

In response to Panini's antitrust lawsuit, Fanatics countersued, alleging interference with business relations and a breach of duty to negotiate in good faith. Fanatics denied engaging in antitrust behavior and stated that it won the rights because of a superior offer and because Panini had "failed to capitalize on its opportunities".

Fanatics also accused Panini of embarking on a protracted, unlawful, and deceitful campaign of unfair trade practices, strong-arm tactics, and tortious misconduct to hamper Fanatics Collectibles' nascent business, in the hopes that it could force Fanatics Collectibles to pay an extortionate amount for Panini to terminate its licenses early.

Legal Dispute Escalation

The legal battle between the two trading card rivals has escalated in the Southern District of New York, with both parties engaging in testy critiques of each other's actions. Fanatics recently claimed that Panini's case is "not only legally baseless, but also hypocritical," while Panini insisted that Fanatics' case is "a screed consisting mainly of inappropriate commentary, argument, and derogatory statements".

The legal dispute centers on Fanatics obtaining long-term exclusive licenses from the NBA, NBPA, MLB, MLBPA, NFL, and NFLPA, all of which were previously held by either Topps or Panini, and the resulting legal implications of that development.

Future Rulings

The lawsuits brought forth by both Panini and Fanatics are currently being presided over by U.S. District Judge Jennifer Rearden. It is expected that Judge Rearden will issue rulings in the weeks ahead.

The legal battle between Panini and Fanatics in the sports trading card industry continues to unfold. Both companies have accused each other of engaging in unfair trade practices and anticompetitive behavior. As the legal dispute progresses, it remains to be seen how the court will rule on the various claims and counterclaims put forth by these two major players in the trading card space.


SHOP Mystery Signed Memorabilia

LATEST

  • NEWS
  • |
  • ARTICLES
  • |
  • VIDEOS
img_articles

The Daughter of the King of Collectibles: Who I...

img_articles

Top 10 Basketball Cards to Buy in June 2024: A ...

img_articles

Top 10 Baseball Cards to Buy in June 2024: A Bu...

img_articles

PSA's Announces New Medical-Grade Plastic Holde...

img_articles

A Deep Dive: What Is the Most Expensive Sale Ev...

img_articles

Soccer Cards: The Top 5 Most Expensive Soccer C...

img_articles

Why Are Football Cards the Future of Sports Car...

img_articles

The Million Dollar Basketball Card: The 1986 Fl...

img_articles

The Timeless Aura of Baseball Cards: Why Are Th...

img_articles

Fanatics Announces More Star Appearances at Fan...

img_articles

What City Is the National Sports Collectors Con...

img_articles

The King of Fanatics: Who Is Michael Rubin?

img_articles

Why Panini America Will Likely Stop Making Spor...

img_articles

The NSCC Announces First Ever Official National...

img_articles

The Season 2 Premiere of "The King of Collectib...

img_articles

Why Did Topps Baseball Card Packs Used to Come ...

img_articles

Why Panini is the Only Company That Makes Licen...

img_articles

What Makes Topps So Historic?

img_articles

Fanatics Rebranding PWCC Marketplace to Fanatic...

img_articles

Celebrating Women in Baseball: What is the 2024...

img_articles

The 2024 Topps Series 2 Rookie Short Print Chas...

img_articles

The Chase for Jackson Holliday Short Print in 2...

img_articles

Sotheby's and Fanatics Partnership: Redefining ...

img_articles

The Excitement Building for the 44th Annual Nat...

img_articles

A Comprehensive List of the Most Expensive Poké...

img_articles

The Rise and Fall of Beckett Grading: How PSA B...

img_articles

How Shill Bidding is Ruining the Sports Card Hobby

img_articles

Fanatics Fest NYC 2024: A Spectacle for Sports ...

img_articles

The Resurgence of Physical Card Shops: A Nostal...

img_articles

In Depth Look: Why Is Ripping Packs of Sports C...

img_articles

The History of Topps Chrome: Why Is the Flagshi...

img_articles

The Impact of Facebook Groups on Fostering the ...

img_articles

PSA's Shocking Decision: Not Grading 2023 Optic...

img_articles

The Future of Sports Cards: Why On-Card Autogra...

img_articles

The Desirability of Game-Used Patch Cards in th...

img_articles

Investing in the Sports Card Market in 2024: A ...

img_articles

Unboxing the Craze: How YouTube, Instagram, and...

img_articles

Striking Gold: The Rise and Fall of a Young Col...

img_articles

Trading Titans: The Rise, Fall, and Revival of ...

img_articles

Touchdown Treasures: Why Collectors Flock to Pa...

img_articles

The Race Between Topps and Panini for Exclusive...

img_articles

The Remarkable Rise and Fall of NBA Topshot: Ho...

img_articles

The Elusive Grail: The $1 Million Mystery of th...

img_articles

The eBay Vault Acquisition by PSA: A Game-Chang...

img_articles

eBay's Acquisition of Goldin Auctions: A New Er...

img_articles

Fanatics Secures Rights to English Premier Leag...

img_articles

From Pocket to Plate: How Bobby Witt Jr. and Co...

img_articles

The Dylan Crews 2024 Bowman Superfractor: A Gam...

img_articles

Collectible Triumph: Michael Jordan's 1984-85 S...

img_articles

Marvin Harrison Jr Lawsuit: Fanatics Suing Card...

FAN ARCH PODCAST NETWORK

nothing

Mystery Signed Memorabilia

//script of featured and trending tab div